By Department of Foreign Affairs
President Benigno S. Aquino III will lead the Philippine delegation at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in Russky Island, Vladivostok, Russia from September 2 to 9.
Joining him in the Philippine delegation are Secretary of Foreign Affairs Albert F. del Rosario, Secretary of Trade and Industry Gregory L. Domingo and Secretary of Finance Cesar V. Purisima.
Hosted by the Russian Federation, APEC 2012 is working under the motto “Integrate to Grow, Innovate to Prosper”.
At the Concluding Senior Officials’ Meeting and the Ministerial Meetings leading up to the Leaders’ Meeting, the Philippine delegation, hand in hand with its APEC partners, will discuss ways to promote trade and investment liberalization, closer integration, food security, cooperation in the field of prevention and mitigation of natural disasters, and diversification and improvement of transportation and logistics chains.
At the 20th APEC Economic Leaders’ Meeting (AELM) on September 8 and 9, the Leaders will discuss the four priorities set by the host, Russia, for 2012: (1) trade and investment liberalization and regional economic integration, (2) strengthening food security, (3) establishing reliable supply chains, and (4) cooperation to foster innovative growth.
President Aquino will also participate in the APEC Business Advisory Council (ABAC) Dialogue with Leaders, which is a key feature of the AELM.
This dialogue gives ABAC Members the opportunity to meet with the APEC Leaders to discuss the entire year’s ABAC work program and to raise issues of pressing concern to the business community.
ABAC Philippines is represented by A. Magsaysay Inc. President and Chief Executive Officer (CEO) Doris Magsaysay Ho, Jollibee Foods Corporation Chairman and CEO Tony Tan Caktiong, and Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala.
This year, ABAC has adopted the theme “Aspirations to Reality…” The 2012 work program builds on the achievements of the past year by continuing the focus on regional economic integration, SMME and entrepreneurship and sustainable growth, with particular emphasis on the key areas of transportation and logistics, technology transfer and green development and eco-cities.
APEC has 21 members—referred to as “member economies”—which account for approximately 40 percent of the world’s population, approximately 54 percent of world gross domestic product (GDP) and about 44 percent of world trade.
It is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region.
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